Walmart’s Store No.8 acquires virtual reality startup Spatialand

The development marks Walmart’s push to improve customer experience on its website as well as in its brick-and-mortar stores with virtual reality.

Store No. 8, Walmart Inc’s technology incubator, disclosed it has acquired Spatialand, a virtual reality startup, to build VR products.

Spatialand is a software platform that helps create virtual reality experiences; in 2017 it worked with Store No 8 on a VR project.

In a blog post, Store No. 8 stated Katie Finnegan will serve as Spatialand’s interim CEO while Kim Cooper and Jeremy Welt, a Store No 8 consultant, will land senior positions in the new firm.

The financial terms of the acquisition was not disclosed.

The development comes midst retailers seeking technological advancements to improve online and in-store customer experience.

To this end, in January 2018, Amazon.com Inc had launched Amazon Go, a checkout-free grocery store, which relies on sensors and cameras to track customer’s shopping basket.

Advertisements


Categories: Creativity, Entrepreneurship, HR & Organization, Strategy, Sustainability

Tags: , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: